In a move suggesting how the credit crisis could disrupt American higher education, Wachovia Bank has limited the access of nearly 1,000 colleges to $9.3 billion the bank has held for them in a short-term investment fund, raising worries on some campuses about meeting payrolls and other obligations.
HEY HOUSE, PASS THE FRIGGIN' BAILOUT NOW!
I have tenure. That helps. Er, right?
http://www.env-econ.net/2008/09/phd-comics-on-t.html
Posted by: John Whitehead | October 02, 2008 at 10:58 AM
So this could answer the "Question of the Day" for at least some of us.
Posted by: JSB | October 02, 2008 at 11:27 AM
If you have the time, a good science-head view of ... stuff:
http://bloggingheads.tv/diavlogs/14756
(maybe tim/john should do a bloggingheads ...)
Posted by: odograph | October 02, 2008 at 12:00 PM
HEY HOUSE, PASS THE FRIGGIN' BAILOUT NOW!
So 20 years from now your students can pay off their student loans a second time?
Posted by: joshua corning | October 02, 2008 at 12:28 PM
I was just noting, in response to an interesting post at Marginal Revolution, that $700B is enough to drop $1B endowments on 700 universities ... probably enough to kick-start free college tuition in the US (with good grades/tests!)
Posted by: odograph | October 02, 2008 at 12:35 PM